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Ukraine + Russia Peace Reconstruction Effort Groups


Increasing U.S. taxes on the middle class

04/12/2009

The Wall Street Journal points to the facts that Warren Buffett does not cover in his plea for higher taxes on billionaires like himself who paid only 17% in taxes in 2010. Buffett made most of his income in capital gains and dividends that are taxed at 15%. That income was already taxed at 35% as corporate income and the 15% on top of that brings the total tax to about 45%. Buffett could write the IRS a check or support taking away the deduction for charitable contributions which is how Buffett contributes to his foundations. For most of the middle class couples making $250,000 for a few years of their life- and much of it going to high university tution payments for kids- the higher taxes make a difference compared to the Buffetts of the world. This is part of the debate on taxes in the U.S. at the time of the fiscal cliff negotiations in Dec. 2012.

Grouped Articles

America’s Sinking Middle Class

New York Times 09/18/2013

Richly Undeserved

New York Times 04/12/2009

Warren Buffett's Tax Dodge

Wall Street Journal 08/17/2011

Millionaires Go Missing

Wall Street Journal 08/17/2011

A Disciplined and Driven 'Connect-the-Dots' Investor

Wall Street Journal 09/14/2011

Income Slides to 1996 Levels

Wall Street Journal 09/14/2011

Flatter U.S. tax rates over $400,000 mean lost revenue and lacking fairness

04/12/2009

The same tax rate for incomes at over $400,000, or over $4 million or $40 million mean lost revenues and do not incorporate fairness, according to this report.

Grouped Articles

Richly Undeserved

New York Times 04/12/2009

Pieces of Silver

The New York Times 08/12/2016

The gender gap in China

04/11/2009

Grouped Articles

Chinese Bias for Baby Boys Creates a Gap of 32 Million

New York Times 04/11/2009

Gaps in perception of India's anti-corruption movement as seen in the U.S. media and by Indian public opinion

04/10/2009

India's Congress government version of events presents it an issue of constitutional sovereignty. Indian public opinion sees it as truly an issue of controlling widespread corruption. Freedom of the press and freedom of assembly are guaranteed in India by the constitution and is exercized continuously since 1947. Corruption at all levels in India in the delivery of public services and in the development of infrastructure has to be experienced to be fully grasped. It acts as a perpetual tax on the middle class and the poor. One has to carefully read the draft of the anticorruption bill drafted by the Congress government, and understand how things function locally today, to realize that it is designed to make little difference in the current state of things. Designed that way because it is a silent but no less explicit intent of the government, political parties, the bureaucracy and interests that have advantages with the existing system, to preserve the status quo. Activist Hazare's bill is designed to give the anti corruption body called a Lokpal the powers it needs to be effective. The prime minister could be exempted but the bureaucracy at all levels and members of parliament and state legislatures if immune to this kind of oversight, would in a developing country with the local conditions of India, render it meaningless. Because this is where the corruption resides. Limits of overreach by the Lokpal come from the body simply acting as a referral system which sends the cases to the judiciary. In doing so constitutional powers are actually vested in the judiciary and the Supreme Court as the final arbiter. India's system of government does not confer sovereignty to parliament- as the Congress government contends- but divides powers between the President, Parliament, and the Judiciary, with a system of checks and balances as in the U.S. Because the current system has delivered a high rate of growth there may be even a tolerance for corruption as a necessary evil as practiced in China. Conditions are differen

Grouped Articles

Indian PM slams anti-corruption activist as protests over arrest spread - The Washington Post

Washington Post 08/17/2011

India's Main Opposition Party Names Candidate for Prime Minister

Wall Street Journal 09/13/2013

Campaign for Prime Minister in India Gets Off to Violent Start

New York Times 09/17/2013

New Indian Party Shakes Up Politics

Wall Street Journal 12/02/2013

Indian Parliament Passes Bill Forming Anticorruption Agency

New York Times 12/18/2013

Big Indian States Deal Poll Setback to Congress Party

Wall Street Journal 03/07/2012

Paul Krugman on the economic progress made by the U.S. when banking was boring

04/10/2009

Krugman says the U.S. has gone through three periods for banking. The period between World War I and 1929 was a period when banking and debt made up a a large portion of the economy. The Great Depression changed this and banking returned to being boring with bankers paid only somewhat more than other professions. During the 1990's the restrictions on banking were lifted leading to the global financial crisis of 2008. The changes needed have not taken place and banking continues to operate much like before the crisis, says Krugman. A great deal of the economic progress made and rise in average incomes was accomplished in the postwar period when banking was boring.

Grouped Articles

Making Banking Boring

New York Times 04/10/2009

Bill Keller on the Anti-Corruption Movement in India

04/10/2009

Bil Keller talks to Kiran Bedi of the Anti Corruption Movement.

Grouped Articles

Beyond Occupy

New York Times 10/30/2011

India and America, Two Peas in a Pod

New York Times 11/08/2011

New Indian Party Shakes Up Politics

Wall Street Journal 12/02/2013

Indian Parliament Passes Bill Forming Anticorruption Agency

New York Times 12/18/2013

Corruption Mars Image of Change in India Elections

Wall Street Journal 04/10/2009

Defying Expectations in India, Modi Begins Key Trip to U.S.

New York Times 09/25/2014

The solar power industry in the U.S.

04/10/2009

Grouped Articles

The Global Solar Cartel

Wall Street Journal 05/24/2013

BP Looks Outside for Solar Cells in Bid to Drive Down Its Costs

Wall Street Journal 04/10/2009

New Jersey Outshines 48 of Its Peers in Solar Power

Wall Street Journal 07/31/2009

Have a Nice Day

New York Times 09/16/2009

Solar Panel Makers Seek Local Ties

Wall Street Journal 11/18/2009

Green Battle Rages in Desert

Wall Street Journal 12/23/2009

Letters to the Editors of the Wall Street Journal on the trading losses at JP Morgan Chase, the Volcker Rule and Glass-Steagall repeal

04/10/2009

Losses at Societe Generale by a single trader with losses over $7 billion in 2010, followed by a novice traders loss of $2 billion at UBS in 2011, and the ongoing loss at Chase of $2 billion in 2012, point to the dangers facing the banking systems in Europe and the U.S. without adequate regulatory oversight over risktaking by banks.

Grouped Articles

Volcker Rule to Curb Bank Trading Proves Hard to Write

Wall Street Journal 09/10/2013

The Volcker Rule on Bank Risks Approaches Its Final Edits

New York Times 12/03/2013

Making Banking Boring

New York Times 04/10/2009

The Lessons of JPMorgan'€™s Trading Loss

New York Times 05/14/2012

Hedge or Bet? Parsing the J.P. Morgan Trade

Wall Street Journal 05/16/2012

Inside J.P. Morgan's Blunder

Wall Street Journal 05/18/2012


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